Singapore launches AI support measures, tax breaks in 2026 Budget

CNBC

Singapore launched a slew of schemes to harness artificial intelligence, including tax breaks for companies and support for workers to learn AI skills. Presenting the country’s Budget on Thursday, Prime Minister Lawrence Wong announced that Singapore will launch a “national AI council,” which he will chair. “AI is a powerful tool — but it is still a tool. It must serve our national interests and our people,” he said.

Singapore will also define clear rules for how AI is developed and used to ensure it benefits society safely and responsibly, Wong added. In terms of measures, Singapore will launch a new “Champions of AI” program to support firms who want to use AI to transform their business. Support will be tailored to each company, and will include enterprise transformation and workforce training.

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